Y2K Survivor

Look on the side of this monster blog and you will see a button from the Democrat Party that says Poverty is a weapon of mass destruction.  I believe that with every fiber of my being and I am not so sure all of the help we give the poverty class isn't designed to promote poverty.  For example, colleges all over the country are increasing tuition at around 12% a year!  That means over the past decade most colleges have doubled the amount they charge for tuition, and they have more than doubled the fees associated with college. 

 

To make up for the rise in tuition, and zero change in grants, major universities have declared that any child that meets their academic requirements and comes from a poverty home, will get a full ride on tuition.  So immediately poverty kids are way ahead of a family that has a household income double the federal poverty rate of $35,000.  I mean think about it, if a family makes even a round numbered $80,000 by the time Jr goes to college, how much can they afford to save while paying for two cars (both parents work) braces, insurance, the house, and of course all the football and cheerleader equipment the little darlings require?  And keep in mind they haven't always made $80,000.  In fact 10 years ago they were probably fairly new to the workforce and only making half as much, maybe $20,000 a piece, so you know there wasn't any room to save.

 

So the poor kids are given the gift of free tuition.  Whoopee!  What percentage of poor kids actually go to college and complete?  Now let's say Mr and Mrs. Middle Class America save up enough to do what the old Pell Grant used to do, they scrimped and saved by skipping family vacations, sailing lessons and kept driving that 10 year old car so they can cover the price of tuition.  Once these kids pay the entrance price they gotta live someplace.  Oklahoma State University, this year, is charging around $900 a month for dorms.  That's in Stillwater dude!  Stillwater Oklahoma.  What would it cost in Ithica, New York, College Station, or Berkley?

 

In essence these rate hikes are not only pricing the middle class out, but they preclude poor kids as well with the cost of dorm fees.  And I know this seems like sour grapes from a guy whose kids are looking at college age.  And yes to a degree it is, but it is also a bit more.  We, as a nation have been so horribly mismanaged for the past 8 years that we are rapidly falling into an economic set back.  This will be the worst set back in most people's living memory as it will be a major depression.  We have a national house payment due for around $1 trillion and that alone is more than double what the FDIC has in reserves to safeguard YOUR life's savings held in CDs and savings accounts.

 

We are already seeing a run on a bank out on California and people are already losing money.  If you have CDs you need to protect yourself.  But be aware, if there is a major run in this country the FDIC will reimburse the bank patrons first come first serve.  And then the big question will be, what the hell is the American dollar worth.  We we long for the days we could look down on the Mexican Peso?  Will we yearn for a chance to by the Euro back when it first came out?  Is this the last year we will ever be able to call ourselves the World's Superpower as Europe and China assume the mantle?  Will we, as a nation collapse upon ourselves, destroyed from within by our own greed?

 

I have said many times, the Republicans don't want to win this election.  They want a scapegoat.  They want a guy left holding the bag as they dance away to divide up the ill gotten booty.  The only thing I know for sure is, we need to prepare for a bad storm.  Batten down the hatches, protect yourself in the clinches and whatever you do, don't quit your day job!  It might be all that's left for a long long time.